N26 – LendIt News – Daily Fintech Industry Newshttps://news.lendit.com
Lending and Fintech NewsWed, 20 Mar 2019 19:04:46 +0000en-UShourly1https://wordpress.org/?v=4.9.10https://news.lendit.com/wp-content/uploads/cropped-Favicon_32X32_Fintech_v002-012-32x32.pngN26 – LendIt News – Daily Fintech Industry Newshttps://news.lendit.com
3232European Fintech Prepare for a No Deal on Brexithttps://news.lendit.com/2019/01/31/european-fintech-prepare-for-a-no-deal-on-brexit/
https://news.lendit.com/2019/01/31/european-fintech-prepare-for-a-no-deal-on-brexit/#respondThu, 31 Jan 2019 20:37:21 +0000https://news.lendit.com/?p=15898European fintech firms of all stripes are preparing for the worst case scenario when it comes to Brexit; “Unfortunately no one knows how hard Brexit will be when it comes to banks licenses,” N26 Co-founder and CFO Maximilian Tayenthal tells CNBC. “One of the options is we need bank license quite soon, so we have a team working on that.”; fintechs and banks alike are in the process of acquiring banking and e-money licenses across the EU so when a no deal does happen they are properly prepared; Brexit has yet to have an adverse effect on fundraising with UK companies racking up more than $16bn in capital during 2018. Source.
]]>https://news.lendit.com/2019/01/31/european-fintech-prepare-for-a-no-deal-on-brexit/feed/0N26 Raises $300mn at $2.7bn Valuationhttps://news.lendit.com/2019/01/10/n26-raises-300mn-at-2-7bn-valuation/
https://news.lendit.com/2019/01/10/n26-raises-300mn-at-2-7bn-valuation/#respondThu, 10 Jan 2019 20:40:36 +0000https://news.lendit.com/?p=15732European based digital bank N26 has raised a new series D round of $300mn at a valuation of $2.7bn; Insight Venture Partners led the round along with Singapore’s sovereign wealth fund GIC and existing investors; the new round comes on the heels of a $160mn roundin early 2018; TechCrunch interviewed CEO Valentin Stalf about the round and he explained how the company has evolved; 30 percent of N26 customers pay for a premium account, their U.S. launch is planned for the first half of 2019 and they have plans to enter up to six new markets in the next few years. Source.
]]>https://news.lendit.com/2019/01/10/n26-raises-300mn-at-2-7bn-valuation/feed/0Announcements & Releases for December 6, 2018https://news.lendit.com/2018/12/06/announcements-releases-for-december-6-2018/
https://news.lendit.com/2018/12/06/announcements-releases-for-december-6-2018/#respondThu, 06 Dec 2018 16:35:38 +0000https://news.lendit.com/?p=15559Raisin UK now offers account courtesy of Starling

]]>https://news.lendit.com/2018/12/06/announcements-releases-for-december-6-2018/feed/0N26 Expands Further into Europehttps://news.lendit.com/2018/11/07/n26-expands-further-into-europe/
https://news.lendit.com/2018/11/07/n26-expands-further-into-europe/#respondWed, 07 Nov 2018 20:43:55 +0000https://news.lendit.com/?p=15361N26 is expanding to Denmark, Norway, Poland and Sweden after launching a few weeks ago in the UK; the German-based challenger bank was founded in 2013 and has reportedly received investments from Tencent and Peter Thiel; the company has raised more than $215 million to date and is reportedly discussing a potential IPO. Source
]]>https://news.lendit.com/2018/11/07/n26-expands-further-into-europe/feed/0German Based N26 Opens to UK Customershttps://news.lendit.com/2018/10/04/german-based-n26-opens-to-uk-customers/
https://news.lendit.com/2018/10/04/german-based-n26-opens-to-uk-customers/#respondThu, 04 Oct 2018 17:52:55 +0000https://news.lendit.com/?p=15098German based digital bank N26 has launched in the UK to a group of pre registered users; the plan is to launch fully in November with current accounts and credit cards after the testing phase; long term plans for the bank include adding overdrafts, mobile payments and membership packages to take advantage of partnerships; if the launch in the UK goes as planned the company said they will continue forward with their strategy and launch in the U.S. early next year. Source.
]]>https://news.lendit.com/2018/10/04/german-based-n26-opens-to-uk-customers/feed/0N26 Adds New Feature Called “Spaces”https://news.lendit.com/2018/08/08/n26-adds-new-feature-called-spaces/
https://news.lendit.com/2018/08/08/n26-adds-new-feature-called-spaces/#respondWed, 08 Aug 2018 19:26:29 +0000http://news.lendit.com/?p=14690Spaces will allow users to move money seamlessly across sub accounts for specific goals; the sub accounts can be closed and opened as needed, but the amount of Spaces is limited depending if you are a standard user or a Black/Metal customer; by the end of the year N26 hopes to allow users to share their Spaces with others which may be useful for household expenses or pooling money with friends for trips; Revolut and Monzo have similar features known as “Vaults” and “Pots” respectively. Source
]]>https://news.lendit.com/2018/08/08/n26-adds-new-feature-called-spaces/feed/0UK Challenger Banks Adding Customers in Large Numbershttps://news.lendit.com/2018/07/20/uk-challenger-banks-adding-customers-in-large-numbers/
https://news.lendit.com/2018/07/20/uk-challenger-banks-adding-customers-in-large-numbers/#respondFri, 20 Jul 2018 14:57:15 +0000http://news.lendit.com/?p=14375The leading UK challenger banks are getting some serious traction with customers. Revolut now boasts 1.5 million customers with Monzo and N26 each with 500,000 customers and Tandem adding their 250,000th customer recently. But most people are not using these new challengers as their primary bank with Monzo sharing that 80% of their customers do not have their salaries deposited into their account. And the average balance of deposit accounts at Monzo is just £150. Source.
]]>https://news.lendit.com/2018/07/20/uk-challenger-banks-adding-customers-in-large-numbers/feed/0N26 Raises $160mn for US Expansion Planshttps://news.lendit.com/2018/03/20/n26-raises-160mn-us-expansion-plans/
https://news.lendit.com/2018/03/20/n26-raises-160mn-us-expansion-plans/#respondTue, 20 Mar 2018 18:53:37 +0000http://news.lendit.com/?p=12544German Digital bank N26 has raised $160mn to fund their U.S expansion plans; Tencent and Allianz were lead investors in the round and it could set the stage for a future IPO according to N26 co-founder and CEO Valentin Stalf; “It's a good round to be as independent as possible,” Stalf said to TechCrunch. “This funding round really brings N26 to a pre-IPO stage. I think we see a clear path to a very sustainable company with this funding round. Maybe in the next five years there will be an IPO.”; the bank currently has eight staff members in NY and customers have been signing up on the waiting list since October 2017. Source.]]>German Digital bank N26 has raised $160mn to fund their U.S expansion plans; Tencent and Allianz were lead investors in the round and it could set the stage for a future IPO according to N26 co-founder and CEO Valentin Stalf; “It’s a good round to be as independent as possible,” Stalf said to TechCrunch. “This funding round really brings N26 to a pre-IPO stage. I think we see a clear path to a very sustainable company with this funding round. Maybe in the next five years there will be an IPO.”; the bank currently has eight staff members in NY and customers have been signing up on the waiting list since October 2017. Source.
]]>https://news.lendit.com/2018/03/20/n26-raises-160mn-us-expansion-plans/feed/0Digital Banks Find Lending is a Balancing Acthttps://news.lendit.com/2018/02/22/digital-banks-find-lending-balancing-act/
https://news.lendit.com/2018/02/22/digital-banks-find-lending-balancing-act/#respondThu, 22 Feb 2018 19:52:08 +0000http://news.lendit.com/?p=12129Digital banks have been presenting themselves as a more transparent fairer option than the traditional players; what these newcomers are finding is to scale and reach profitability they will need to figure out a way to lend that doesn’t strike the same tone as customers get from their typical bank; Tandem, Monzo, Starling Bank, Revolut and N26 have all started to roll out lending options in a variety of ways by using a tailored data driven approach; figuring out where the balance lies is the key piece if these banks are truly going to disrupt the banking system. Source.]]>Digital banks have been presenting themselves as a more transparent fairer option than the traditional players; what these newcomers are finding is to scale and reach profitability they will need to figure out a way to lend that doesn’t strike the same tone as customers get from their typical bank; Tandem, Monzo, Starling Bank, Revolut and N26 have all started to roll out lending options in a variety of ways by using a tailored data driven approach; figuring out where the balance lies is the key piece if these banks are truly going to disrupt the banking system. Source.
]]>https://news.lendit.com/2018/02/22/digital-banks-find-lending-balancing-act/feed/0N26 and Younited Credit Partner for Credit Offering in Francehttps://news.lendit.com/2017/12/12/n26-younited-credit-partner-credit-offering-france/
https://news.lendit.com/2017/12/12/n26-younited-credit-partner-credit-offering-france/#respondTue, 12 Dec 2017 18:15:23 +0000http://news.lendit.com/?p=11112The partnership will allow N26 to offer consumer credit in France; N26 currently has similar features built out in other European markets where users answer a few questions within the app; the app then provides a quote that allows users to adjust the term of the loan or the payback amount; users will not be required to signup through Younited Credit as everything is managed through an API. Source]]>The partnership will allow N26 to offer consumer credit in France; N26 currently has similar features built out in other European markets where users answer a few questions within the app; the app then provides a quote that allows users to adjust the term of the loan or the payback amount; users will not be required to signup through Younited Credit as everything is managed through an API. Source
]]>https://news.lendit.com/2017/12/12/n26-younited-credit-partner-credit-offering-france/feed/0